Windward Charts · Free founder resources

Charts for every stage of the voyage.

A free, plain-English resource center for Texas founders and operators — guidance, document checklists, and a working glossary covering the whole lifecycle, from forming the entity to selling the company. Built by the partners who do this work, so you can come aboard already knowing the waters.

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Why charts

From the earliest days of the ancient mariner, charts have been the difference between passage and peril. Sailing into uncharted waters has always been considered dangerous — unmapped territories bore the legend "There be Dragons." The better your charts, the better your passage.

At Windward, we help you plot the currents, the reefs, and the channels so you can navigate the business seas with confidence. Some trade routes are established — the sea lanes and channel markers are clear, and having a good chart of the route is simply efficient and sane. GPS may have replaced the sextant, but you still have to navigate the space between the rocks and open water. While we excel at guiding bold expeditions into less-charted territory, most businesses can operate in established sea lanes and enjoy clear sailing — if they have the right charts.

Choosing the right chart is a matter of understanding your ship, where you want to go, and how the voyage is financed. The more you engage with other people — customers, investors, ports of call — the more rules there are to navigate, and the more your need for good charts grows. Four factors shape the set you'll need:

Geography

Local, coastal, or open ocean?

Does your business operate in your community, your state, nationally, or internationally? Each ring outward adds waters to chart.

Customers

Who do you trade with?

Retail, B2B, service, or manufacturing — the more people you engage, the more your charts must reflect. Commercial fishermen and cruise ships carry different charts.

Scale

Displacement of the vessel

Small, medium, large, Panamax+. The larger the vessel, the more restricted its movements near shore — and the safer it rides in open ocean.

Ownership

Who owns the ship?

Closely held, partnership, GP/LP, or broadly owned — structure is often dictated by the financing available, and the structure in turn shapes what financing you can reach.

Find your bearing

Which stage are you in?

Every growing company sails the same passage. Pick the leg you are on and we will point you to what matters there — and what to have ready before you call us.

Curated & comprehensive

Collections for the questions that recur.

Focused sets of guidance and document checklists on the challenges founders and operators hit again and again.

Document checklists

Know what you need before you need it.

Incorporation package

The full organizational set for a Texas or Delaware entity — what each document does and the order to sign them.

SAFE financing checklist

What to settle before a SAFE round — valuation cap, discount, side letters, and board and stockholder consents.

Founder equity & 83(b)

Restricted stock purchase, vesting schedule, and the 83(b) election with its 30-day clock you cannot miss.

Private placement (Reg D) file

PPM, subscription agreement, investor questionnaire, Form D, and the bad-actor and blue sky items that go with them.

Hiring & contractor pack

Offer letter, PIIA, contractor agreement, and the classification test that keeps you out of trouble later.

M&A readiness

The diligence checklist a buyer will run — cap table, contracts, IP, and consents — assembled before the LOI, not after.

These checklists tell you what a matter involves and what to gather. When you are ready to have it drafted, every item above is a fixed-fee engagement on our published schedule — quoted before any work begins.

Established sea lanes

Most voyages follow known waters.

The bulk of capital and business moves through established lanes — with channel markers, harbor rules, and charts that already exist. If your situation matches one of these, we have a set of charts ready to go.

LANE 01 · THE PUBLIC TRACK

Venture to public markets

The cruise ship — engaging many passengers, with defined ports of call.

A venture company seeking growth toward a US exchange listing or acquisition by a public company. Over half of all IPOs were venture-funded, and this journey has well-defined safe harbors and channels. There is always room for more — but venturing outside the established ports is perilous.

LANE 02 · INVESTMENT FUNDS

The GP/LP fund

The tugboat — built to a proven form, because form follows function.

Fund structures with established norms that sponsors and investors all understand and expect. A sponsor — or a company seeking capital from a fund — that strays from the established sea lanes often simply misses the boat.

LANE 03 · PROJECT DEVELOPMENT

Operator-led syndication

The shipping company offering shares in vessels of the fleet.

A skilled operator invites limited partners into a common enterprise — real estate syndications, oil and gas drilling funds, franchise development. Risk spans the spectrum, from the inter-bay ferry milk run that is a cash cow to the spice-trade voyage upon which fortunes are made.

LANE 04 · JOINT VENTURES

Ventures between equals

Two shipping companies, two ships each, one perilous spice run — shared risk.

Joint ventures between business peers, and as a result often bespoke. Contribute assets, spread the risk, and structure it so only one ship needs to return for the venture to succeed.

LANE 05 · THE SOLO OPERATOR

Closely held & captain-owned

A well-found boat in home waters — latitude in how it operates.

A solo or closely held firm is often most concerned with keeping the vessel safe — asset protection, avoiding forfeiture, clean ownership. The charts for this journey are different, but well defined for those not sailing off the edge of the map. An established business in familiar waters may not need new charts at all — until the harbor is dredged, a reef shifts, or a storm changes the environment (always a hazard whenever Congress is in session).

Doesn't match any of these? That may mean you're an exploration venture — the expeditions we most enjoy guiding. Tell us about the voyage below and we'll determine whether an existing chart fits or bespoke navigation is called for.

Plain-English glossary

The terms, without the fog.

SAFE
Simple Agreement for Future Equity. An investment that converts to equity at a later priced round, rather than a loan — no interest or maturity date.
Convertible note
Short-term debt that converts into equity at a future financing, usually with a valuation cap and a discount to reward early money.
Valuation cap
The maximum company valuation at which a SAFE or note converts — protecting early investors if the priced round comes in higher.
83(b) election
A tax filing made within 30 days of receiving restricted stock, electing to be taxed on its value now rather than as it vests. The deadline is unforgiving.
Vesting
The schedule on which equity is earned over time — commonly four years with a one-year cliff — so it is forfeited if someone leaves early.
Reg D 506(b)
A private placement exemption allowing a raise from accredited investors (and a few others) with no general solicitation or advertising.
Reg D 506(c)
A private placement exemption that permits general solicitation, but requires the issuer to verify that every investor is accredited.
PPM
Private Placement Memorandum — the disclosure document for an exempt offering, describing the company, the terms, the risks, and use of proceeds.
Form D
A brief notice filed with the SEC after a Reg D offering begins, with parallel "blue sky" notices in the states where investors reside.
Cap table
The capitalization table — the record of who owns what, including shares, options, SAFEs, and notes, fully diluted.
Working interest
An ownership stake in an oil and gas lease that bears a share of drilling and operating costs, in exchange for a share of production.
Royalty interest
A share of production revenue free of operating costs — the mineral owner's cut, paid off the top.
SPE
Special Purpose Entity — a single-purpose company formed to hold one asset or deal, common in real estate syndications and financings.
Waterfall
The order in which deal proceeds are distributed among investors and sponsors — return of capital, preferred return, then a split of the upside.
LOI
Letter of Intent — a mostly non-binding outline of a proposed deal's key terms, signed before the definitive agreements are drafted.
Drag-along
A provision letting majority owners compel minority owners to join in a sale of the company on the same terms.

No terms match that search. Try a shorter keyword.

Chart my course

Tell us about the voyage.

Rather than handing you a static stack of documents, we start with your ship and your destination. Tell us about the business in your own words — the more you share, the better the chart we can draw. We'll come back with an initial course: which lane you're in, what the passage involves, and a fixed quote for the first leg.

  • 01Where are you now — what does the business do today, and in which waters (local, statewide, national, international)?
  • 02Where do you want to go — the destination you have in mind, and how big you want to be when you get there?
  • 03Who do you trade with — retail customers, other businesses, investors?
  • 04Who owns the ship, and how is the voyage financed — or how do you intend it to be?

Please don't include confidential or time-sensitive information. Submitting this form doesn't create an attorney–client relationship — that begins after conflicts are cleared and an engagement letter is signed.

Windward Charts is provided free of charge for general educational purposes only. It is not legal advice, does not create an attorney–client relationship, and may not reflect the most current legal developments or the law of your jurisdiction. Checklists and glossary entries are simplified summaries, not substitutes for advice on your specific situation. Consult a licensed attorney before acting. Attorney advertising.